$71,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $71k home. Change the numbers to see different options. This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 71,000 dollar house? It depends. In addition to the mortgage payment, a home also has insurance, maintenance, and taxes. Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $71,000 house.
2% interest
0% down$262.43/mo
5% down$249.31/mo
10% down$236.19/mo
15% down$223.07/mo
20% down$209.94/mo
25% down$196.82/mo
30% down$183.70/mo
35% down$170.58/mo
40% down$157.46/mo
45% down$144.34/mo
50% down$131.21/mo
4% interest
0% down$338.96/mo
5% down$322.02/mo
10% down$305.07/mo
15% down$288.12/mo
20% down$271.17/mo
25% down$254.22/mo
30% down$237.28/mo
35% down$220.33/mo
40% down$203.38/mo
45% down$186.43/mo
50% down$169.48/mo
6% interest
0% down$425.68/mo
5% down$404.40/mo
10% down$383.11/mo
15% down$361.83/mo
20% down$340.54/mo
25% down$319.26/mo
30% down$297.98/mo
35% down$276.69/mo
40% down$255.41/mo
45% down$234.12/mo
50% down$212.84/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 71,000 house with a 20% down payment?
($56,800 loan. 30 year mortgage)
0.25%$163.78
0.50%$169.94
0.75%$176.24
1.00%$182.69
1.25%$189.29
1.50%$196.03
1.75%$202.91
2.00%$209.94
2.25%$217.12
2.50%$224.43
2.75%$231.88
3.00%$239.47
3.25%$247.20
3.50%$255.06
3.75%$263.05
4.00%$271.17
4.25%$279.42
4.50%$287.80
4.75%$296.30
5.00%$304.91
5.25%$313.65
5.50%$322.50
5.75%$331.47
6.00%$340.54
6.25%$349.73
6.50%$359.01
6.75%$368.40
7.00%$377.89
7.25%$387.48
7.50%$397.15
7.75%$406.92
8.00%$416.78
8.25%$426.72
8.50%$436.74
8.75%$446.85
9.00%$457.03
9.25%$467.28
9.50%$477.61
9.75%$488.00
10.00%$498.46
10.25%$508.99
10.50%$519.57
10.75%$530.22
11.00%$540.92
11.25%$551.68
11.50%$562.49
11.75%$573.34
12.00%$584.25